Quick Links
"Turkey has plans for 20,000 MW of wind farm capacity, and the government intends to install 400 MW of wind power by the end of this year at a cost of around $500 million. Major wind turbine companies are currently bidding to enter the Turkish wind power market.
The country has huge plans to boost its energy production through the use of wind turbines, and Ankara is set to encourage domestic companies to try to increase manufacture of the turbines locally. A draft currently being prepared by the Turkish government should last 20 years, at a cost of around $20 billion.
With its lack of natural resources and increasing demand for power, Turkey is keen to secure energy supplies. It is currently one of several partners working on the Nabucco pipeline project. Preparations for this project started in 2002 with the intergovernmental agreement being signed in 2009. The project will link the eastern border of Turkey to Baumgarten in Austria, and it is certainly ambitious. However it has a huge $10 billion price tag which is putting off some investors, especially as a firm supplier still hasn't been sorted out.
It's not the only project currently being considered as Azerbaijan and Turkey signed a memorandum of understanding in 2011 for the construction of the trans-Anatolia pipeline. It could deliver as much as 560 billion cubic feet of natural gas to the Eurozone border. Natural gas from Azerbaijan could be flowing through Turkey to European consumers within five years, but Turkey is anxious for European countries to participate in solving the problem of transporting gas safely.
